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NIKE (NKE) Cash Flow Waterfall

Trace NIKE's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$1.69B

Capex

−$646.00M

Free Cash Flow

$1.05B

FCF Margin

+61.9%

Cash flow waterfall for NIKE (NKE) — TTM through Q1 2026

Free cash flow: $1.05B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for NIKE (NKE) — TTM through Q1 2026

  • Operating Cash Flow$1.69B
  • Capital Expenditure−$646.00M
  • Free Cash Flow$1.05B
  • Other Investing$384.00M
  • Share Buybacks−$345.00M
  • Dividends Paid−$2.39B
  • Net Debt Change−$1.00B
  • Other Financing$315.00M
  • Forex Effect$49.00M
  • Net Cash Decrease−$1.94B
Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology